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What is sum assured

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What is sum assured

Posted by Preeti Dwivedi 8 years, 3 months ago

CBSE > Class 11 > Business Studies

1 answers

Mohit Sharma 7 years, 10 months ago

In other words, sum assured is the guaranteed amount you will receive. This is also known as the cover or the coverage and is the total amount you are insured for. Maturity value is the amount the insurance company has to pay you when the policy matures.

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